In the developed world, the critical issue is keeping old bodies healthy cheaply. Life expectancy is already long. Instead, as those bodies age, they pick up chronic ailments that make lives a misery but aren’t fatal. Read more …

In the developed world, the critical issue is keeping old bodies healthy cheaply. Life expectancy is already long. Instead, as those bodies age, they pick up chronic ailments that make lives a misery but aren’t fatal. Read more …
2019 is the year that mobile networks will start to install 5G infrastructure in earnest. 5G represents a quantum leap in the performance of mobile networks which will greatly enhance the opportunities for sustainability but which also carries with it substantial risks. Read more …
Attentive readers of this letter will remember two months ago we wrote, “October was a bad month in global equity markets”. Well, December was worse. The MSCI World Index, which is one of the fund’s benchmarks, returned -7.44% in GBP. October had been the worst single month since the re-launch of the strategy in May 2012. It held that title for one month only.